TAMPA, Fla.(December 28, 2018) — The plunge at the pump continues this week, and now gas prices are poised to have their lowest start to the New Year since January 1, 2016.

Americans are finding gas prices below $2 a gallon at 31% of filling stations in the United States. Since mid-October, the national average has plummeted a total of 61 cents. Thursday’s average price of $2.29 per gallon is the lowest since July 2017.

"Falling gas prices continue to be ’the gift that keeps giving’ this holiday season," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Prices at the pump declined as AAA projected last week, largely due to weakness in the stock market and concerns about global crude oversupply. Although oil and gasoline futures have been on a rollercoaster ride this week, wholesale gas prices have held steady. Unless oil prices suddenly spike, prices at the pump should remain low through the end of the year."

FLORIDA GAS PRICES BELOW $2 AT 7% OF FILLING STATIONS

Drivers are finding gas prices below $2 a gallon at about 7 percent of gas stations in Florida. Since mid-October, the state average has plummeted a total of 62 cents. Thursday’s average price of $2.20 per gallon is the lowest daily average price since July 2017.

Gas prices in Florida dropped 6 cents in the past week. The state average is now 23 cents less than this time last year. Some of the lowest prices in the state are in Central Florida and Tampa Bay.

74% of Florida gas stations have fuel below $2.25/g

7% of Florida retailers have gasoline below $2/g

The highest daily state average price in 2018 was $2.92/g on May 25

Florida drivers paid an average price of $2.65 per gallon in 2018

Holiday Gas Prices at 3-year Lows

Nationwide, holiday travelers enjoyed the lowest Christmas Day gas prices in two years. However, gas prices in Florida averaged the lowest for Christmas Day in 3 years ($2.21/g). The state average on New Year’s Day should also be a 3-year low. Thursday’s average price is 25 cents less than January 1, 2018.

Drivers are finding gas prices below $2 a gallon at about 29 percent of gas stations in Georgia. Meanwhile, 7-in-10 retailers have regular unleaded priced below $2.25. Since mid-October, the state average has plummeted a total of 69 cents. Thursday’s average price of $2.11 per gallon is the lowest daily average price since July 2017.

Gas prices in Georgia declined 5 cents in the past week. The state average is now 19 cents less than this time last year.

87% of Georgia gas stations have fuel below $2.25/g

29% of Georgia retailers have gasoline below $2/g

Georgians paid an average price of $2.60 per gallon at the pump in 2018

Nationwide, holiday travelers enjoyed the lowest Christmas Day gas prices in two years. However, gas prices averaged $2.13 per gallon in Georgia, which was the lowest for Christmas Day in 3 years. The state average on New Year’s Day should also be a 3-year low. Thursday’s average price is 24 cents less than January 1, 2018.

MICHGIAN GAS PRICES AT 23-MONTH LOWS

Gas prices in Michigan are at their lowest level since November 2016. Drivers are finding gas prices well below $2 a gallon at 35 percent of filling stations in Michigan. Meanwhile, only 11 percent of retailers in the state have regular unleaded listed above $2.25/g.

Since mid-October, the state average has plummeted a total of 95 cents. Thursday’s state average price of $2.08 per gallon is 12 cents less than a week ago, and 56 cents less than this time last year.

Gas prices are below $2/g at 35 percent of Michigan filling stations

89% of Michigan retailers have gasoline below $2.25/g

Michiganders paid an average price of $2.76 per gallon at the pump in 2018

The highest daily average price in 2018 was $3.13 per gallon on May 24

Nationwide, holiday travelers enjoyed the lowest Christmas Day gas prices in two years. However, prices at the pump in Michigan were even lower. Michigan’s state average of $2.11 per gallon was the lowest daily average on Christmas Day in three years. The state average on New Year’s Day should also be at a 3-year low. Thursday’s average price is 61 cents less than January 1, 2018.

63% OF TENNESSEE GAS STATIONS HAVE FUEL BELOW $2 A GALLON

Drivers in Tennessee can now find gas prices below $2 a gallon at about 63 percent of gas stations throughout the state. Gas prices in Tennessee averaged $2.03 per gallon on Thursday, after declining 6 cents in the past week. Since mid-October, the state average has declined a total of 65 cents. Tennessee motorists are now paying about 70 cents per gallon less than they did in May, and 22 cents per gallon less than this time last year.

Thursday’s state average price of $2.03 is the lowest daily average price since July 2017. It’s possible the state average could dip below $2 a gallon before the new year. The last time Tennessee gas prices averaged below $2 per gallon was on July 6, 2017. During that time, crude oil was trading at around the same price as it is right now ($45 per barrel).

Gas prices are below $2/g at 63% of Tennessee gas stations

90% of TN gas stations are selling regular unleaded below $2.25/g

Year-to-date, Tennesseans have paid an average price of $2.50 per gallon at the pump

Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.6 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 59 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.

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